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Applegreen plans IPO for Dublin
28 May 2015 12:12
Petrol station operator Applegreen has said it intends to raise about €70m in an initial public offering on the Dublin and London markets.
Applegreen has 96 petrol forecourts in Ireland and 54 in the UK, as well as two in the US. It has a motor fuel market share of about 12% in the Republic of Ireland.
The company said that in the year to December 2014, it reported revenues of €937.3m and adjusted EBITDA of €22.8m.
In a statement today, Applegreen said its growth strategy is focused on acquiring and developing new sites in the markets in which it operates as well as upgrading and rebranding its existing sites.

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